Compute 1 the contribution margin for the current year and

Assignment Help Accounting Basics

Reference no: EM13589275

Lorge Corporation has collected the following information after its first year of sales. Sales were $1,982,400 on 123,900 units; selling expenses $297,360 (40% variable and 60% fixed); direct materials $633,129; direct labor $353,115; administrative expenses $346,920 (20% variable and 80% fixed); manufacturing overhead $446,040 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.

Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.

Reference no: EM13589275

Questions Cloud

Craft company produces a single product last year the : craft company produces a single product. last year the company had a net operating income of 97420 using absorption

Your client reports that the goods on hand on july 16 cost : you are called by tim duncan of spurs co. on july 16 and asked to prepare a claim for insurance as a result of a theft

At a sales level of 80000 blue companys contribution : at a sales level of 80000 blue companys contribution margin is 34000. if the degree of operating leverage is 5 at a

What is the kinetic energy of the projectile when it : question a 2.0 kg projectile if fired with initial velocity components vox 30 ms and voy 40 ms from a point on the

Compute 1 the contribution margin for the current year and : lorge corporation has collected the following information after its first year of sales. sales were 1982400 on 123900

Rothe company manufactures and sells a single product that : rothe company manufactures and sells a single product that it sells for 80 per unit and has a contribution margin ratio

Builder products inc manufactures a caulking compound that : builder products inc. manufactures a caulking compound that goes through three processing stages prior to completion.

Last year flynn company reported a profit of 58000 when : last year flynn company reported a profit of 58000 when sales totaled 508000 and the contribution margin ratio was 50.

Determine the magnitude of the acceleration of the train : the train passes point a with a speed of 30 ms and begins to decrease its speed at a constant rate of at -0.25 ms2.

User Account

All Pages